How To Buy Electroneum: A Comprehensive Guide

Electroneum is one of the many cryptocurrencies that is designed to be user-friendly. This coin can be either mined on a spare computer or on your phone.

However, if you don’t have plans of mining Electroneum no worries because you can buy it, but there are some restricted prospects. While this coin is accessible in a number of exchanges, you might have a hard time purchasing Electroneum using fiat currency or national currency. In fact, GBP, USD, and EUR are highly accepted fiat currencies.

Each online exchange, on the other hand, offers different payment methods but the widely used ones include PayPal, Atomic Swap, Bank Transfer, credit card, debit card, and trading pairs.

Nevertheless, keep on reading and find out how to buy Electroneum correctly and safely.

What is Electroneum?

Electroneum (ETN) is a coin that has been sitting around the top 50 for a long period of time. This coin, on the other hand, was made on September 2017.

However, its initial coin offering or ICO was ended early since it achieved its hard card of forty million dollars. Other than, this coin was the first-ever British based team who takeoff a new cryptocurrency. The platform of this coin was made by forking the code of Monero.

The main goal of the team behind Electroneum is to make a cryptocurrency that people can use in their mobile phone. As a matter of fact, this very useful most especially for people living in poorer states since the majority of them do not have access to a laptop or personal computer.

Nevertheless, if you want to keep updated with this coin make sure to follow them on their social media channels.

Where to Buy Electroneum?

Here is the list of exchanges where you can buy Electroneum.

· Kucoin

This exchange that is sited in Hong Kong was made in May 2017. Kucoin lets people sell, buy, and trade more than 70 cryptocurrencies including Electroneum.

Unluckily, this exchange doesn’t allow users to utilize fiat currencies to withdraw or deposit. That is why you have to fund your account with different crypto.

If you’re looking forward to buying ETN at this exchange, you can exchange your money to ethereum or bitcoin. Don’t worry, because the trading volume for these coins is great, thus you’ll have no problem looking for sellers.

· Cryptopia

Since 2014, cryptopia has been providing its exchange services to a lot of people. This exchange list over 500 various cryptocurrencies to trade and sell. Further, it has an online market which is the same as eBay where you may sell and buy everything from books to electronics in exchange for crypto.

However, the only fiat currency that Cryptopia accepts is the New Zealand dollar. Otherwise, you may deposit using other cryptocurrencies like Ethereum for free.

Nevertheless, if you want to purchase this coin using cryptopia then you can exchange it for Tether (USDT), Litecoin (LTC), Ethereum (ETC), Dogecoin (DOGE), and Bitcoin (BTC).

Apart from Kucoin as well as cryptopia, there are still more exchanges where you can buy ETN. However, you will need other cryptocurrencies such as Ethereum and Bitcoin to buy this coin.

Also, aside from buying from exchanges, you can also purchase from Electroneum holders with cash. By simply utilizing the wallet app, people can send Electroneum payments to other users of the application.

How to Buy Electroneum?

Buying Eletroneum is pretty easy. Since you can’t buy ETN cheap for fiat currencies we have to buy Bitcon first and then trade it for Electroneum on an exchange that supports ETN. And guess what? we are going to buy Bitcoin on the world famous crypto exchange coinbase. So let’s get it started.

Buy Bitcoin on Coinbase first

Step 1: Register on Coinbase

What you need to do first is to visit the Coinbase official website. Use the link here or click the image below to get $10 in Bitcoin when you purchase or sell your first $100.

Step 2: Enter required details

The next thing you need to do is to enter the required details asked in the form. This includes your personal information such as your name, email address, and password. Make sure to choose a strong password comprising a combination of letters and digits for security purposes.

Step 3: Verify your account

After successfully submitting, you will receive an email from Coinbase containing a link verification. You have to click on it and also make sure to verify your account. More so, make it sure to provide a working number when asked for 2FA verification. Coinbase will utilize this information to send you a verification code in which you will have to submit to them further.

Once successful, your newly created Coinbase account is ready to use. If you don’t have any bitcoins yet you may choose to buy on the platform. Coinbase supports debit card, credit card, as well as bank transfer for purchasing digital currencies. For selling, they allow PayPal and bank transfer options. If you want to utilize debit or credit card, proceed to the following steps:

Step 4: Choose a payment method

Go to “Account” settings then select “Payment Methods” tab. Three payment options will appear so proceed and choose the “Credit/Debit” card option.

Step 5: Enter the requierd payment details

You will land into a page that requires you to submit your card information. This includes card number, card name, expiry date, zip code, and CVC number. After receiving a confirmation, proceed buying your bitcoin.

Note: For photo ID verification, upload a photo of you holding the credit card. This payment option will only allow you to buy a daily maximum of $250 worth of bitcoins.

Step 6: Buy bitcoins on coinbase

Clicking the “Buy Bitcoin” tab will allow you to land in a page where you have to enter the quantity of bitcoin you wish to buy, which wallet to save it (select My Wallet), and your payment option. Hit “Buy Bitcoin Instantly” to finish the transaction. You will instantly see your bitcoins in your wallet. Isn’t it easy?

Coinbase wallet works as an exchange and transfer USD and other fiat currencies to Bitcoin as well as other digital currency efficiently. Nowadays, you can speedily transfer your bitcoin to any marketplace, exchange or wallet using particular private keys. In this case we will send the bitcoins to coindeal to buy ByteCoin with the bitcoins we just bought.

Exchanges you shouldnt miss when you want to trade crypto

Why Buy Electroneum?

One of the main reasons why you should buy ETN is that it comes with a mobile app that you can use easily to receive and send Electroneum coins at a very affordable cost.

What’s more, it can be bought at a number of online exchanges that are proven safe and reliable.

Lastly, you can use it to pay for your games as well as online gambling as it is partnered with gambling and game companies.

How to Sell Electroneum?

While you cannot sell Electroneum on Coinsquare directly, you can actually sell the coin on an altcoin exchange for Ethereum and Bitcoin and then utilize Coinsquare to cash out fiat money like Canadian and Euro dollar.

Here’s how to sell this coin:

Register on an altcoin exchange

Fund your account using ETN or load ETN to a bitcoin ATM.

After signing up and verifying your account, fund it by clicking “FUND” that can be found on the upper menu. Then simply follow the given instructions for Ethereum or Bitcoin.

Sell your Ethereum or Bitcoin for fiat money like Canadian or Euro dollars with QuickTrade that can be found on the left side of Coinsquare’s dashboard.

Withdraw the fiat currency amount right to your bank account from the Coinsquare by clicking the WITHDRAW found in the top bar menu and follow the instructions provided.

Which Wallets Can I Use?

When it comes to the wallet, simply download the Electroneum wallet and app and you’re all set.

Conclusion:

Buying Electroneum becomes a lot easier especially now that we already have provided you a bunch of relevant information. Hopefully, this content has helped you a lot.